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20130110
20130110
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English 40
Search Results 0 to 39 of about 40 (some duplicates have been removed)
MSNBC
Jan 10, 2013 9:00am EST
with congress and negotiating. seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you ask the american people why the debt ceiling shun be ra
FOX Business
Jan 9, 2013 10:00pm EST
not changed. let's be clear. congress has the responsibility and the sole authority to raise the debt ceiling. congress must do its job. lou: the administration does appear willing to go around congress to enact at least some gun-control measures. we will be debating tonight the administration's efforts to broaden and control in this country, talking with former birdie campaign president richard a. bourne in constitutional law professor david. vice-president joe biden today met with victims and gun-control advocates and stress the administration's determination to take action on gun-control, even by its executive order. it is the first of a series of meetings that the president's second amendment point man. fox news chief political correspondent carl cameron with our report. >> vice-president opening his first task force meeting on gun violence with victim's aunt and safety groups and somberly recalled the shooting rampage that killed 27, including 20 children at a new town connecticut elementary school last month. >> touch the heart of the american people. seeing those young children riddled
FOX Business
Jan 10, 2013 6:00pm EST
the authority to raise the debt ceiling without congress? will he tried to? our handwriting expert is digitalis about the most talked-about signature. will it end up on our dollar bill? can you read that? >> from that fox business studios in new york city, it's "the willis report" with gerri willis ♪ gerri: as the debt ceiling showdown, members of the financial services round table now headed by former gop presidential candidate temple in tay are urging congress to raise the debt ceiling. failure to do so will cause a wire. will republicans caved? always great to have you on this show. what do you make of this? these and other business leaders of this country who are saying, you have to raise that debt ceiling. >> a little hypocritical. these business leaders of the same ones to say we have to do something about our enormous debt, and what will cause a wire to our nation's finances continuing to go around borrowing a trillion dollars year after year after year. the phony issue, people are saying if we don't pass the debt ceiling it's a default. that is off the table. the constitution prevents
CSPAN
Jan 10, 2013 9:00am EST
to be running out of options to avoid breaching the debt ceiling. so we could be, if congress does nothing to increase the debt ceiling by then, we could be looking at a government default. not -- even if it's not a government default on our debt. even if the treasury says we're going to prioritize principal payments, we are still looking at a default on our government obligations. that means that the treasury, the government and the department of defense included, would have the ability to go out and spend money. the treasury would not be able to write the checks to pay the obligations that those agencies have made. so that could include, you know, dod civilian, uniform military, contractors. they would be expecting a check in the mail or deposited in their account, and it just wouldn't show up. you know, that would be true for all the nondefense parts of the budget as well; social security recipients, medicare, doctors expecting reimbursement. the checks just wouldn't show up for about 40% of the dollars the government was supposed to pay out if we actually go into a default situation. o
NBC
Jan 10, 2013 11:00am EST
bargainer and was involved in the debt ceiling with congress back in 2011 and, of course, the recent fiscal cliff talks. republicans aren't excited about the pick but it's unlikely they'll be blocking that nomination. keith, back to you. >> all right. thanks hampton. >> you got it. >>> we introduced you to a wonderful young man who was really hoping a family would come forward to adopt him after his appearance on "wednesday's child" last spring. we think the right family didn't happen to be watching so we want you to have an opportunity to meet ronald again. there was a chef's coat and an apron and finally, the making ronald ready for his first real lesson in cooking. >> you ever worked with pan he ta before? >> this chef of the art institute of washington's culinary school was giving ronald, an aspiring chef, a lesson in making pasta carbonera. his social worker says being a chef is one of the dreams that he has for the future. but she says he'd really like a future that would include an adoptive family. >> he's a sweet kid. the thing that's so amazing about him is he really wants to do we
MSNBC
Jan 10, 2013 12:00pm PST
of congress. this is a way around the debt ceiling if everything reaches a dead end there. is there an indication -- some people are saying carney in the briefing did not, you know, rule this out all the way. is there any indication this is on the white house's radar? >> doesn't seem to be. i mean, the white house isn't even open to the 14th amendment saying the president could raise the debt ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling p
FOX News
Jan 9, 2013 7:00pm PST
the president, the white house suggesting that they don't have to go to congress to raise the debt ceiling, they can instead rely on the 14th amendment of the constitution. and i did research going back to when this debt ceiling business started, basically in 1917. what it was to give some more ease to the white house to borrow money, it was not to give the white house a blank open credit card. and so, now though, the president says doesn't matter about this 1917 law, i'm just going to do it because the constitution says i can? >> well, he can try to do that. i think it would be a disaster on a number of fronts. president obama's strengths is when the congress is saying no and they're involved in some kind of a fight and he's saying, let's do the right thing. for the president now to step in and create a proposal that goes back 150 years and to say something no president has ever said, that the president of the united states can unilaterally create debt, i think would be taking a pretty big burden and would isolate him pretty rapidly and people around the world would say, wait a second, wh
FOX News
Jan 9, 2013 10:00pm EST
could bypass congress and everything from the debt ceiling to gun control. for starters, vice-president biden saying today the president may impose gun control with an executive order. former speaker of the house, newt gingrich joins us, nice to see you, sir. >> good to be with you. i have to say, you have the most amazing program tonight that i can remember. >> greta: it's quite vast and varied let's say. >> remarkable. >> greta: don't want to miss any of it. and don't want to miss you either. tell me, the vice-president says the president may use an executive order for -- to impose gun control. your thoughts? >> well, the president can try to do almost anything if he wants to. the question is will he get away with it? the two natural stands are first, somebody will file a lawsuit, saying that it's illegal, and unconstitutional. but second, the house republicans have an opportunity when the continuing resolution comes up at the end of the march, to simply zero out the authority, to say no money shall be spent. now, that's so clear under our constitution, and goes all the way
CSPAN
Jan 9, 2013 8:00pm EST
ceiling. if congress does nothing to increase the debt ceiling by then, we could be looking at a government default. even if it is not a default on our debt and the treasury says they will prioritize interest on payments, we're still looking at at a default under government obligation. that means the treasury and the government would have the ability to go out and spend money and the treasure would not have the checks to pay. that could include dod civilian, uniform civilians, on tractors -- contractors. they would expect a check and it would not show up. that would be true for the non- defense parts of the budget as well. doctors expecting a reimbursement. that is if we go into a default situation. that is a major threat to our economy. i argue that it is a threat to our national defense. every major war the united states has fought has been financed in part through borrowing. by going into a default and not being able to pay our obligations for the first time in history, we will put at risk the full faith and credit of the united states government. the treasury has said th
WETA
Jan 10, 2013 6:30pm EST
to work with republicans in congress to raise the nation's debt ceiling. if he can survive that battle, global financial fights will probably seem pretty easy. darren gersh, "n.b.r.," washington. >> susie: also in washington today, new rules to protect consumers from risky home loans. the consumer financial protection bureau says the rules make sure home buyers understand exactly what they're getting into, when they take out a loan. lenders now have to determine the borrower's ability to repay the loan. borrowers will have to prove they have a job, meet a minimum credit score, and can afford a loan's monthly payments and related expeespr l e ikoperty taxes. the rules do away with those so- called "no doc" loans where applicants didn't provide any personal financial information, and caused the mortgage mess in the financial crisis. >> joining us now to talk more about the new mortgage rules, raj adabi, of the consumer protection bureau. raj, key rates are gone, and fewer balloon payments. how do this change the kinds of mortgages people can get now. >> it is pretty simple. going forward
FOX
Jan 10, 2013 5:30am EST
upcoming debt ceiling 3 say therr's room tt get 3 3 comiig up in our 6 ooclock hour... a moose running thattwas caught on camera. 3 the ttrpsslooking for their 14th in in a row.the second-haaf slump that led to tteir defeat. 3(((reek 3)) 3 3 coming up in our 6 o'clock &phour... allegations of pbuse... at a maryyand daycare. daycare.the unlicensed operation... reportedly being run out of a prince geerge'' county home. ççççpñpñ 3 3 meg ad-libs
Current
Jan 10, 2013 3:00am PST
the authority under the 14th amendment to raise the debt ceiling on his own without waiting for congress? >> yes i do believe it has the authority but unfortunately the president made it clear he will not use the authority. i don't know whether he really believes he has it. he has made it clear he won't do it. >> bill: too bad. it would have been nice to see him issue that threat. >> peter: congressman, i want to ask you about a topic that's been gaining traction here in recent weeks. >> bill: one way to solve the debt ceiling problem. >> peter: one way to solve the debt ceiling problem is for the treasury to create a coin and deem it worth $1 trillion. it is the mint a coin campaign and use that to pay down our deficit. the white house yesterday was asked about it. they didn't rule it out. what's your take on that, congressman? is that something that we could possibly look at and even go down that path? >> i think we should look at it -- i think we should look at it very, very carefully. it is almost too good to be true, to be frank. we can solve this problem. this debt problem. and we can make
CNBC
Jan 10, 2013 6:00am EST
he has to figure out is he's got to negotiate a sequester deal and a debt ceiling deal with congress or figure out how to run the government without any debt. in other words, match cash flow to expenses. second item is long-term he's got to come up with entitlement fixes and a fix for the longer-run deficit. finally, tax reform, corporate and individual, potentially on the table. i think jack lew is probably pretty strong in this particular area. but the other aspect which was always there but has now risen significantly in importance is global finance. he is the stand-up man for the next meltdown. he's got to finish and keep negotiating dodd-frank and the basel iii accords with international regulators. that happens underneath the treasury secretary. and what about housing, fannie mae, freddie mac? another big topic on the table. and dodd-frank does not fix or finish the too big to fail issue. that remains on the table. then there's all the stuff we used to think about the treasury secretary's job. the spokesman for the greenback, negotiating with china, and other of our trading par
MSNBC
Jan 10, 2013 7:00am PST
showing little progress on next month's debt ceiling deadline, a far-fetched solution is getting more mainstream. we're talking about the $1 trillion coin. supporters including some lawmakers and nobel laureate paul krugman say the treasury department has the power to mint the supercoin which in turn would be used to raise the debt ceiling. and white house press secretary jay carney added some fuel to the fire when he refused to rule it out. >> do you believe you have a power to mint -- >> there is no plan "b." there is no backup plan. there is congress' responsibility to pay the bills of the united states. >> that's a little evasive in your answer. but i say -- are you narrowing the lead -- are you trying to leave room or not? >> there's no substitute for congress extending the borrowing authority of the united states. >> do you believe this is an option, and viable? >> i think there's the only option there. there is no backup plan. the only option is for congress to do its job. >> let's bring in nbc analyst and former communications editor karen finney. and also chip saltzman. good
FOX Business
Jan 9, 2013 9:00pm EST
can blame you? the aarp demand congress not touch benefits as it discusses the debt ceiling. there is said general agreement social security is not the most troubling program for the president calls it structurally sound but others maintain it is stable. but to academics from dartmouth say that may not be the case. they say the security administration under estimates how long they will live in under estimate as much as $800 billion short and the fund will run out of money before the government even says with people ging up smoking and eating better that live longer and demand benefits longer. forecasting has barely even changed since 1935. 77 years we do it the same way. to ignore the future social security is a big mistake now spending $49 billion more of benefits and to cover the shortfall people age 65 and over will reach 80 million and 2040 social security payments will jump 70% in the decade ending 2011. it is a system that is broken and raising the retirement age are tweaks that need to be made to see if congress has the stomach for it. what do you think? drop me an e-
FOX Business
Jan 10, 2013 9:20am EST
with you. the president will go around congress. if he can't get a debt ceiling, raise the debt ceiling i think he will invoke the fourteenth amendment which says the debt must be paid, he will go around congress, invoke the fourteenth amendment and say keep on spending, keep on borrowing. >> he may very well do that but that is because the republicans refuse to define the issue. instead they are defending the issue. when the conservatives or the republicans are not defining they are losing. the republicans have a chance to take the cbo numbers and define the issue and put it back on barack obama. if they do not do that then barack obama wins the day and america loses. stuart: that is exactly what is going to happen. i am sorry we are out of time. thanks for joining us and i am sure you will be waiting eagerly for governor brown's budget to be released later today. >> thank you for that. stuart: mike reagan, thanks very much. stock early on entitlements. my take on food stamps and children is next. >> announcer: you never know when, but thieves can steal your identity and turn your life u
CNBC
Jan 10, 2013 9:00am EST
know and some things we don't know. the debt ceiling and more among the jobs here, negotiate a debt ceiling and sequester deal with congress, or if you don't do that figure out thousand run the government without debt. an interesting job. also on that agenda, fixing long term entitlements. as well as the broader thing which geithner has been working on, but hasn't really pulled the trigger on, corporate and individual tax reform. let's broaden it out because there's a local other area especially in the wake of the financial crisis. the global finance job. who is the treasury secretary? he's the guy you need to stand up during the next meltdown. second thing, dodd-frank remains out there, unfinished regulations. basil 3. fannie mae and freddie mac as well as more on too big to fail. that's some of the new stuff. how about the old stuff in not an easy job either. he's the main spokesman for the greenback. he will negotiate with china and other partners, as well. and then he's the representative when it comes to the g-20, the imf, world bank and of course what about that other thing, h
CSPAN
Jan 10, 2013 6:00am EST
are a london-based debt ceiling limit. we cannot know what is in store for my state budget or other states because we do not know what congress and the administration is going to do as they work together to find a solution to the been issues facing our nation such as the cuts in the deficit. we have a current website or we have a best practices, resources. -- we have a great website where we have best practices and resources. there was an option we were looking at for being able to help those who were uninsured create better access to care. we need that flexibility in oklahoma to sustain a program currently working in my state. >> i was hoping you could expand on the tax reform task force you created. can you outline some of the goals? you also mentioned tax exemption about investment infrastructure. maybe you can expand on that in terms of what steps you are taking as congress is talking about sequestration. >> the tax reform task force is being led by the governor of pennsylvania and the governor of kentucky. we recognize there is considerable work being done here in washington. we think
FOX News
Jan 9, 2013 4:00pm PST
. regarding raising the nation's debt ceiling and some house democrats say he doesn't have to negotiate. because they claim the constitution does give him the power to raise the limit on his own. specifically, the 14th amendment which reads in part, look at this. the validity of the public debt of the united states shall not be quedz. of course, there is more to this. mike emanuel is at the white house. what's the reaction from there from republicans. >> republicans say there must be spending cuts and when we're considering raising the nation's credit card limit, the debt ceiling is the time to do it. the white house says it won't negotiate. >> this is about past spending, not future spending. it is about paying our bills. and congress has that responsibility. congress needs to fulfill it. >> remember, republicans had to accept a tax increase in the last crisis. the fiscal cliff. now they want to slash spending. >> we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. >> i
CNBC
Jan 9, 2013 11:00pm EST
with this debt ceiling and people are starting to talk about cutting back medicare, which is the better bargain, and which is better for the people who need it? >> well, at the end of the day, if you have a medication that can improve the lot of people with these terrible diseases, that is a lot cheaper in the long run than paying for all of the hospital care and other care that you're going to need down the road as these people have their chronic conditions. in fact, investing in good medicines that really deliver value to the patient is an economically important way to go. that's a smart way to go. >> and it has to be the same for cerebral palsy, i have to believe. you've got a 20-person safety and efficacy trial going on right now. you don't know what the results are. but 400,000 people have this. if you have a pill that could make people be more physically in control of their lives, i have to believe that's a bargain for america and it's great for the people. >> couldn't have said it better myself, absolutely. >> now, how about epilepsy? where are we? because when i see someone buying a com
ABC
Jan 10, 2013 2:35am EST
with congress that are coming up, including the battles over the debt ceiling and those pending budget cuts. if confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new green back that is printed. it's been described as a slinky that lost its spring. lew says he'll make his name more legible if he does get the job. >>> and vice president joe biden meets with the nra today as the debate over gun violence intensifies. it could be a tough sell since the group already says it opposes any new restrictions. among those speaking out is new york's governor. andrew cuomo is urging lawmakers in his state to close loopholes on the state's assault weapons ban. >> this is not taking away people's guns. i own a gun. i own a remington shotgun. i've hunted. i've shot. that's not what this is about. it is about ending the unnecessary risk of high capacity assault rifles. that's what this is about. >> he was quite fired up today. yesterday rather. results of a new study are sure to fuel the already intense debate over guns. the u.s. sees far more violent deaths than a
Current
Jan 9, 2013 5:00pm PST
of that whether it's the debt ceiling or gun control or immigration. he feels like he's better, and his team feels like he's better when he's outside of washington talking to people, talking to real people as opposed to negotiating with members of congress. they feel like he gets more leverage and is more influential that way then when in washington. >> john: it's all about the cameras. reid epstein, thank you for your piece and thank you for being on the show tonight. >> thank you. >> john: with more on the logistics of president obama's second term let's bring back in current tv correspondent david schuster and the senior fellow at media matters eric boehlert. as reid pointed out you have george w. bush hobbled his last two years. and president reagan was hobbled the last two years of his administration. we've never seen a president since eisenhower, a two-term president who had a smooth final two years. do you think the end game here is he can book end the terms two years with the majority, two years as a punching back and then two years having the majority back. >> that would be great. everybo
CSPAN
Jan 10, 2013 5:00pm EST
and the congress about about how to raise the debt ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states, accompanied by tim geithner and jacob lew. >> good afternoon, everyone. please have a seat. a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in sight. i could not blame tim when he told me he was not the right guy for the job. [laughter] but on news that tim's extensive experience with economic policy made him eminently qualified and i knew he could hit the ground running. as chairman of the federal reserve, he had just spent chaotic weeks emerged in the crisis and had been working with the treasury to save the financial system. then with the wreckage of our economy still smoldering, i asked tim to help us put it back together. thanks in large part to his steady
Current
Jan 10, 2013 6:00am PST
parties in the past have grandstanded about the debt ceiling, but both parties in the end knew they had to provide the votes so we would not default. what i'm arguing is we in congress should reinstate the gepart rule. that said when congress voted on a budget. let's say the war in afghanistan or iraq that was on the credit card. then the debt ceiling would automatically been adjusting up or down. so there's a unity between spending money and the obligation to pay debt. >> stephanie: yes. somebody said yesterday that if there was a foreign entity killing 10,000 americans a year we would be in a war somewhere. so when we talk about gun violence in the united states -- here is joe biden yesterday. >> i want to make it clear that we are not going to get caught up in the notion unless we can do everything we're going to do nothing. it's critically important we act. the president is going to act through executive orders executive action can be taken. we're compiling it all with help of the attorney general and all of the rest of the cabinet members. as well as legislativ
CSPAN
Jan 10, 2013 1:00pm EST
and the administration are soon to face new critical deadlines around the debt ceiling, sequestration, and the need to fund government operations. these deadlines will mean more uncertainty for our economy, our businesses, and for financial markets at home and abroad. as they address these deadlines, policymakers must seize the opportunity to make real progress in the areas they neglected in the fiscal cliff deal. first and foremost, that means controlling deficit spending through common sense entitlement reform. the last debt ceiling increase was passed in august of 2011. here we are 17 months later and the $2.1 trillion is gone, kaput. and now we need another increase. how much longer can this kind of spending go on? as a nation, we must finally face up to the single biggest threat to our economic future -- and that is our exploding national debt driven by runaway deficit spending, changing demographics, and unsustainable entitlements. if we fail to address this threat, automatic spending will soon consume every dollar the federal government collects, leaving nothing for education, national defen
CNN
Jan 10, 2013 1:00pm PST
analysts say it's really no crazier than getting into yet another political fight over the debt ceiling, possibly even jolting the financial markets as a result. >> so what are the predictions? >> most experts say it's really unlikely but no one is saying impossible. president obama is probably going to have his back to the wall with the debt ceiling for a while and they point out that the white house is giving up one weapon. they've already said that they will not use this invoking of the 14th amendment, the amendment requiring the president not to put the validity of the public debt into question. the white house says it will not use it to avoid this. that's one weapon that they are giving up. so this thing that we're seeing in the pictures here and making so much fun of is still a political weapon for the president, not ruling it out. >> thanks very much, brian todd, for that update. >>> the oscar nominations are now out. who's been left off the list is just as interesting as who is in the running. >> for best performance for act stre in a leading role -- store in the freezer. same m
FOX Business
Jan 10, 2013 1:00pm EST
back to more serious topics, 35 days from hitting the debt ceiling. the head of the u.s. chamber of commerce says our exploding debt is the biggest threat to our economic future. will congress be able to tackle the government's spending problems? joining me now, former head of the republican party in virginia and former senior adviser to senator harry reid. thank you both for being here. kate, let's begin with you. was reading some of your notes. you're not a happy person with your own party. you say the gop needs to grow a backbone. the president's tactics of class warfare is working in the republicans need to wake up. >> yes, i think that the president has been incredibly successful with really vilifying republicans, pointing them as loving only the mega wealthy, which he classifies as anyone making over $250,000. it is this steady attack and drumbeat that they don't care about the working class and middle america. it is time for republicans to stand up for some fiscal sanity and point out the fact that penney's, senator reid has not bought up budget -- brought to the senate fl
CNN
Jan 10, 2013 9:00am PST
that ultimately didn't succeed -- the fiscal cliff --ardon me. i should say the debt ceiling negotiation of 2011 and most recently the fiscal cliff negotiation, the grand bargain that ultimately didn't work. we saw a more short-term, smaller measure pass recently in congress. but we expect for president obama to emphasize jack lew's time not only as being the chief of staff most recently but also being his budget director throughout this process. we've also been talking, wolf, as you know, about some of the criticism coming from across the aisle from some republicans. it's been reported in bob wood war's book about the obama administration, "the price of politics." criticism from the speaker, speaker boehner, about jack lew as being uncompromising and being someone that he didn't find he could negotiate with and come to a deal with in these past discussions. so there's that, but i'll also tell you it reminds me talking about that that when jack lew was announced as chief of staff to replace bill daly that one of the things we heard was it was welcome news to democrats on the hill. they had felt
Search Results 0 to 39 of about 40 (some duplicates have been removed)